Should I Refinance my Mortgage?

Refinancing at the right time can help you lower your mortgage payments, but it also requires you to pay fees and other closing costs. Use a refinance calculator to see if refinancing your loan makes sense for you and to estimate the breakeven point. Here are some more tips to help you with your mortgage refinance:

Finding the Best Rates

Don't settle for the first refinance rate you see. It pays to shop around for the best rates, so check rates from at least three lenders when you’re looking to refinance your home loan.

When to Refinance

It's best to refinance when rates are low. Rates can change daily, so keep track of the latest Fort Wayne, IN refinance rates and work with your lender to lock in a rate.

Cash‑Out Refinancing

Refinancing can help you use some of your hard‑earned equity to pay for large expenses, like major home improvements or college tuition, by taking out additional cash at closing.